Honda is eager to ensure there's no foreign influence on its merger with Nissan, especially since Taiwan's Foxconn has been eyeing the ailing brand
Honda is worried about foreign influence if a third party acquires Renault 's shares. Nissan ended 2024 with approximately $9.8 billion in cash and cash equivalents. Renault 's stake is worth $3.6 billion, which may be too much for the struggling Nissan . As if the potential merger between Honda and Nissan wasn’t complicated enough, it’s worth remembering that Nissan is already part of a long-standing alliance with Renault and Mitsubishi.
Unnamed sources suggest Honda is worried Nissan could be subject to undesirable foreign influence if a third party snaps up the French brand’s shares during negotiations. Nissan buying up Renault’s stake could be difficult. It had cash and cash equivalents of around 1.52 trillion yen at the end of 2024, and more than a third of that would be needed to buy Renault’s share.
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